{"id":131227,"date":"2024-01-08T03:22:57","date_gmt":"2024-01-08T03:22:57","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=131227"},"modified":"2024-01-08T03:22:59","modified_gmt":"2024-01-08T03:22:59","slug":"maryland-state-health-and-life-insurance-exam-questions-and-answers-rated-100-correct","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2024\/01\/08\/maryland-state-health-and-life-insurance-exam-questions-and-answers-rated-100-correct\/","title":{"rendered":"Maryland State Health and Life Insurance Exam Questions And Answers Rated 100% Correct"},"content":{"rendered":"\n

Maryland State Health and Life Insurance Exam<\/p>\n\n\n\n

Insurance CORRECT ANSWERS The device for transferring the chance of financial
loss among a large number of people.
Risk CORRECT ANSWERS The possibility or chance\/occurrence of loss that may
occur.
Speculative Risk CORRECT ANSWERS A risk for which it is uncertain as to whether
the final outcome is a gain or loss. This type is NOT insurable.
Pure Risk CORRECT ANSWERS The probability or possibility of a loss with no chance
of gain. This type IS insurable.
Loss CORRECT ANSWERS The unintentional reduction, decrease, or disappearance
of value of a person or property insured by a policy.
Exposure CORRECT ANSWERS A measure of vulnerability of a loss, and is usually
expressed in dollars or units that are used to determine rates charged for insurance.
Exposure Units CORRECT ANSWERS Used in determining rates. i.e; Medical history,
age, sex, and occupation of an insured.
Hazards CORRECT ANSWERS Circumstances or conditions that increase the
possibility that a loss will take place. i.e; storing explosives in a home’s basement.
Physical Hazard CORRECT ANSWERS A hazard that cause one’s body to become
physically stressed and increase the chance of loss. i.e; lifestyle, slippery floors,
skydiving.
Moral Hazard CORRECT ANSWERS Hazards that are a result of maximizing behavior.
i.e; when a person is dishonest, creates a loss, or lies on an application.
Morale Hazard CORRECT ANSWERS Arise from in insured’s indifferent attitude to loss.
It’s a hazard that refers to “One’s State of Mind”. i.e; doesn’t lock doors, repair leaks, or
wear a seat belt while driving.
Perils CORRECT ANSWERS The causes of loss in an insurance policy: premature
death, and loss of income caused by sickness or accident. i.e; tornadoes, floods,
hurricane.<\/p>\n\n\n\n

Download the full exam here https:\/\/learnexams.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Maryland State Health and Life Insurance Exam Insurance CORRECT ANSWERS The device for transferring the chance of financialloss among a large number of people.Risk CORRECT ANSWERS The possibility or chance\/occurrence of loss that mayoccur.Speculative Risk CORRECT ANSWERS A risk for which it is uncertain as to whetherthe final outcome is a gain or loss. This […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-131227","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/131227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=131227"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/131227\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=131227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=131227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=131227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}